Rio finds aluminium's silver lining

As the price of iron ore dives, a continuing surge in earnings from Rio Tinto's costly aluminium division could become important in the short to medium term.

Given the unpleasant role that its aluminium business has played in Rio Tinto’s recent history, Sam Walsh could be forgiven for trying to pretend it doesn’t exist. Instead, however, he showcased it at last night’s investor briefing in London and outlined plans to invest the best part of $US1 billion in expanding it.


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